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Google Glass Competitor Telepathy Raises $5 Million

Google Glass has the potential to be a revolutionary product when it eventually reaches the hands of consumers. Sunnyvale, Calif. startup Telepathy plans to be right there with Google when that happens. The company just raised $5 million toward its own wearable tech.

Dubbed Telepathy One, the futuristic-looking device wraps around the back of a user's head and includes built-in headphones and a screen for visuals. While Google Glass looks like a futuristic pair of glasses, Telepathy One has a more minimal design that won't physically touch the user's face. The product aims to be developer-friendly, and programmers will be able to create applications starting this fall.

With this round of funding, led by Firsthand Technology Value Fund Inc., Telepathy will hire app developers, server software developers and communication firmware developers. The startup also announced it has brought on Kinoma Software Platform vice president Peter Hoddie as an adviser.

"The initial response to our Telepathy One prototype has been astounding," said Telepathy CEO Takahito Iguchi in a press release.

Telepathy plans to launch the Telepathy One in 2014, the same year Google plans on releasing the Glass for everyday consumers. Which would you wear?

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